In a saucepan, combine all ingredients except almonds and water.
Bring to a boil. Reduce heat; simmer 2 minutes, stirring frequently.
Stir in the almonds. About 15 minutes before ham is done, spoon 1/4
to 1/3 cup glaze over ham. Repeat if desired. Stir water into
remaining glaze; heat through and serve with ham. Makes 1-1/2 cups
glaze.